Trump mulls purchase of distressed casinos in other states

Craig Allen/Getty ImagesTrump Entertainment will decide in June or July whether to fix up or sell Trump Plaza, one of its two remaining Boardwalk casinos.

ATLANTIC CITY — Having just sold its distressed Trump Marina casino in Atlantic City at a fire sale price, Trump Entertainment Resorts says it is eyeing similarly distressed casinos in other states that it might buy at a similar discount.

CEO Robert Griffin says the company will decide in June or July whether to fix up or sell Trump Plaza, one of its two remaining Boardwalk casinos. He says there are no plans to sell the flagship Taj Mahal, but adds that could change in the future because its owners want a return on their investment relatively quickly.

Trump Entertainment closed the $38 million sale today with Landry's Inc., the Texas owners of the Golden Nugget brand. They are turning Trump Marina into the Golden Nugget Atlantic City.